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EXHIBIT 11
COX RADIO, INC.
STATEMENT REGARDING: COMPUTATION OF EARNINGS PER SHARE
SIX MONTHS ENDED
YEAR ENDED JUNE 30,
DECEMBER 31, -------------------
1995 1995 1996
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(IN THOUSANDS, EXCEPT PER SHARE
DATA)
Pro forma information for the Cox Radio Consolidation:
Historical net income.................................... $ 8,163 $ 3,796 $ 5,213
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Pro forma common shares outstanding...................... 19,578 19,578 19,578
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Pro forma net income per share........................... $ .42 $ .19 $ .27
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Pro forma information for the Cox Radio Consolidation and
the Transactions:
Historical net income.................................... $ 8,163 $ 3,796 $ 5,213
Pro forma adjustments.................................... (7,011) (4,681) (3,697)
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Pro forma net income (loss).............................. $ 1,152 $ (885) $ 1,516
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Pro forma common shares outstanding for the Cox Radio
Consolidation.......................................... 19,578 19,578 19,578
Issuance of Class A Common Stock in connection
with the Transactions.................................. 7,655 7,655 7,655
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Pro forma common shares outstanding for the Cox Radio
Consolidation and the Transactions..................... 27,233 27,233 27,233
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Pro forma net income (loss) per share.................... $ .04 $ (.03) $ .06
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